Bigfork Real Estate Market – February 2020

Bigfork Real Estate Market – February 2020

Following is an overview of Bigfork Montana real estate results for the residential market. This report covers the entire residential market for February 2020. Similar to the Kalispell reports, this data includes single family homes, townhouses, condominiums and manufactured homes. 

In February 2020, Bigfork Montana sales and median prices remained healthy. Following is an overview of the monthly results.

Sales Volume

In the month of February 2020, there were 16 residential sales which was exactly the same as the previous month and higher than the same time last year. The year typically starts and ends with lower volumes and increases in Spring. Accordingly, in a few more months, we should see an increase in sales.

Inventory

In terms of inventory, there are currently 115 residential homes on the market which is only 2 more than last month. Of the homes currently available, 12 are condominiums, 10 are townhouses, three are manufactured homes and the rest are single family homes. In the last twelve months, 265 residential homes sold in Bigfork which means there are more than five months of inventory currently available. This data indicates the Bigfork area is experiencing a relatively balanced market, where neither buyers or sellers have the upper hand. That makes it a good time to both buy and sell.

Median Sales Prices

The median sales price for February 2020 was $337,250 which was 8% higher than the same time last year and 6% lower than January 2020. As mentioned in the last report, prices in Bigfork do tend to change month by month due to the relatively small amount of inventory sold each month and the huge differences in price points and home styles/location.

Type of homes being sold

To get an idea of the types of homes that are selling in Bigfork, the lowest priced home that sold in February was a one bedroom, one bath, 512 square foot condominium at Marina Cay. The home sold in the $100K vicinity. In February, there were no homes that sold over $1M. The most expensive was above $700K. That was a nearly 4,000 square foot home with 4 bedrooms, 2 and a half baths, a theater and recreation room, and greenhouse. As indicated, there are many different types of homes available in the Bigfork area.

Summary

The residential real estate market in Bigfork Montana remains healthy and strong. If you have any specific questions about Bigfork, Kalispell or any other part of the Flathead Valley, feel free to contact me. If you are wondering what you might be able to get for your Montana home, check out this online home evaluator. And if you need help selling your home or finding that perfect new home to purchase, I can be reached at 406-270-3667. Finally, if you’re interested in seeing what homes are currently available or just want more information about the area, feel free to check out this Bigfork page.

Have a wonderful month!